Is a Twitter Music Service a Threat to Pandora?

By Daniel Sparks – Mar 19, 2013 at 8:31PM

NYSE: P

Pandora Media, Inc.

Another rumor of yet another music service. 2013 will undoubtedly prove to be a year of increased competition for Pandora.

CNET recently reported that Twitter has acquired We Are Hunted, a music discovery service similar to Pandora (P). CNET asserts that Twitter plans to use the acquisition to launch its own music discovery service through an iOS app that could come as early as the end of this month.

In the video below, Fool.com's Alison Southwick asks contributor Daniel Sparks whether Twitter's new music service is a threat to Pandora. Furthermore, Daniel discusses why Google's (GOOGL -1.97%) Google Play, Sirius XM Radio (SIRI -4.43%), and Apple's (AAPL 0.52%) iTunes can stand their own against free online radio services like Pandora.

Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.